---
schema_version: "secwatch.filing_event.v1"
accession: "0001199835-24-000048"
form_type: "8-K"
ticker: "LRDC"
cik: "0001442492"
company_name: "Laredo Oil, Inc."
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T18:14:45.355842+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Laredo Oil subsidiary raises $2.034M from investors for Montana drilling and lease acquisition

## Summary
- Hell Creek Crude receives $2,034,000 from accredited investors to fund a development well and acquire oil and gas leases in Midfork Field, Montana.
- Investors holding $575,000 in Laredo convertible debt will have that debt treated as an investment under the Participation Agreement.
- Initial well targets the Ratcliff Zone; investors get 90% BPO working interest, shifting to 50/50 after payout.
- If initial well is a dry hole, the $575,000 convertible note is reinstated in full by Laredo.
- Investors have exclusive rights to participate in up to two additional wells on the Lands.

## SEC filing metadata
- accession: 0001199835-24-000048
- form_type: 8-K
- ticker: LRDC
- cik: 0001442492
- company_name: Laredo Oil, Inc.
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1442492/000119983524000048/0001199835-24-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1442492/000119983524000048/form_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001199835-24-000048
- JSON: https://secwatch.observer/filing/0001199835-24-000048.json
- Plain text: https://secwatch.observer/filing/0001199835-24-000048.txt

## Key facts
- Material Agreements
  Laredo Oil, Inc. entered into Participation Agreement with certain accredited investors valued at $2,034,000 (effective 2024-01-19).
  - Action: entry
  - Counterparty: certain accredited investors
  - Value: $2,034,000
  - Effective: 2024-01-19
  source text: Hell Creek Crude, LLC, a wholly owned subsidiary of Laredo Oil, Inc. (the “Company”), has entered into a Participation Agreement, dated January 19, 2024 (the “Participation Agreement”), under which certain accredited investors provided $2,034,000 to fund the drilling of a development well and the acquisition of certain oil and gas leases in the Midfork Field in Montana.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1442492/000119983524000048/0001199835-24-000048-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.